1. Ole Christian Borgesen needs to calculate the effective interest rate of a simple discount note for $16,000, at an ordinary bank discount rate of 8.4%, for 210 days. Find the effective rate rounded to the nearest tenth.
2. How can this knowledge be retained and not lost ? when you retire or quit from your previous job?
3. Explain how design of experiments can be used outside of an industrial/work environment. Give an example.